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Measure of US economy's health shows biggest drop in a year

posted by odell 1374 days ago in USD, GDP, Employment made popular 1373 days ago

A private sector measure of the economy's health showed the largest drop in a year, and while new jobless claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence the languishin

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As gas prices go down, so will food, right? No

posted by ooogleemooglee 1375 days ago in USD, Consumer made popular 1375 days ago

As prices for crude oil and other commodities ease, Americans have gotten a small dose of relief at the gas pump. But don't expect less pain at the grocery counter.

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Dollar Falls on U.S. Manufacturing Slump, Credit-Market Loss

posted by ooogleemooglee 1375 days ago in USD, EUR, JPY made popular 1375 days ago

The dollar fell to a one-week low against the yen on speculation a manufacturing industry contraction and credit-market losses will prompt the Federal Reserve to hold off from raising interest rates.

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Meat, Dairy May Push Food Inflation to 28-Year High

posted by odell 1375 days ago in USD, Inflation, Consumer made popular 1375 days ago

Rising prices for meat, dairy products, cooking oil and fresh produce may accelerate U.S. food inflation this year at the fastest pace since 1980, the government said in a report.

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Dollar climbs as oil dips

posted by odell 1375 days ago in USD, EUR, Oil made popular 1375 days ago

Investors boost dollar as crude prices fall and Germany, Europe's largest economy, shows weakness.

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Stagflation? Or just stagnation?

posted by odell 1375 days ago in USD, Fundamental, Inflation made popular 1375 days ago

The inflation figures for July were ugly. But oil prices have fallen and the dollar has strengthened in August. Too bad a global slowdown is the reason.

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The next credit crunch

posted by odell 1375 days ago in USD, Special made popular 1375 days ago

Our easy access to plastic is about to dry up - and with it our ability to fake living the good life.

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Americans Less Gloomy on Economy Amid Discontent, Poll Finds

posted by odell 1375 days ago in USD, Consumer made popular 1375 days ago

Americans are slightly more optimistic about the economy even as large majorities disapprove of the country's overall direction and President George W. Bush's performance, the latest Bloomberg/Los Angeles Times poll shows.

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Australian Dollar Falls Below 90 U.S. Cents as Rate Cuts See

posted by MarcB 1387 days ago in USD, AUD, Inflation made popular 1387 days ago

The Australian dollar fell for a ninth day, the longest losing streak since 1980, as traders increased bets the central bank will reduce borrowing costs from a 12-year high.

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Euro Reaches Multi-Month Lows Against Major Rivals

posted by MarcB 1387 days ago in EUR made popular 1387 days ago

The euro continued to decline against other majors on Friday in New York. The currency hit mulit-month lows against the dollar, sterling and yen. Friday's statistical data added to growing concern over the outlook for the European economy.

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Massive Breaks on the Majors

posted by jameschen 1387 days ago in USD, EUR, Technical made popular 1387 days ago

The majors have made some drastic support/resistance breaks this morning

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Euro Soars To 9-day High Against Yen

posted by MarcB 1388 days ago in USD, EUR, JPY made popular 1388 days ago

During early deals on Thursday, the Euro climbed to a 9-day high against the Japanese yen ahead of the monetary policy announcement by the European Central Bank. The Euro also showed strength against the currencies of UK and US.

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